Options Disclosure

Options are not suitable for all investors. There are risks involved in any option strategy. Individuals should not enter into option transactions until they have read and understood the option disclosure document titled "Characteristics and Risks of Standardized Options," which outlines the purposes and risks of option transactions. This booklet is available from your Stifel Financial Advisor or at OCC - Characteristics & Risks of Standardized Options. Supporting documentation of claims will be supplied upon request.